Yelp $YELP recently surged after the market saw improved earnings and strong guidance in the latest earnings report. Yelp was already in a bullish trend since 2016, but has been consolidating for about year since August 2017. Price action looks ready for a bullish run after breaking the consolidation range resistance last week.YELP Daily Chart(click to enlarge)Breakout and Pullback:- The daily chart shows price break above a consolidation range, but pullback during the 8/13 session.- A bullish market will probably support price above the $46 pivot. - But even if price pulls back towards $42-$43 area, support there would confirm a bullish outlook.- A break below $42 would likely translate to a bearish scenario - a false bullish breakout would suggest bears are in charge.- The RSI should stay above 40 in the bullish scenario. A more aggressive bullish run might even keep the RSI above 50- If the overall market is tentative, we should probably wait for a deeper pullback than $46, and instead around $42-$43 before considering buying-on-the-dip.